$CHESS USDT LOSING STEAM AFTER SPIKE — BEARISH RETEST POSSIBLE! ⚠️

After hitting a local high of $0.0738, $CHESS USDT faced rejection and has been forming lower highs. The momentum is slowing down as shown by the flattening MA and weakening MACD histogram. A short-term consolidation near $0.0722 could lead to a bearish pullback if bulls fail to reclaim $0.0730 with volume.

📉 Trade Setup — Short Trade Signal🔴

Entry Zone: $0.0724 – $0.0730

Take Profit 1: $0.0700

Take Profit 2: $0.0682

Stop Loss: $0.0742

Margin: 2-3% of wallet

Leverage: 10x

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📊 Market Outlook:

Volume spikes have cooled off, and RSI is drifting toward mid-range, indicating weakening buying pressure. Unless a breakout with strong volume occurs, CHESS may revisit lower supports in the short term.

#CHESS #CryptoAnalysis #ShortSetup #BearishOutlook #BinanceTrading

buy and trade here on $CHESS